- Gateway Trade Funding Completes 17 Stretch Finance Transactions Totaling Almost $5,000,000
- Hearthside Takes Strategic Action to Position Company for Long-Term Growth
- Gateway Trade Funding Completes 17 Stretch Finance Transactions Totaling Almost $5,000,000
- CapitalPlus Supply Empowers Philadelphia Masonry Contractor with $560,000 in Factoring Facility
- Chicago Atlantic Provides Term Loan to One of World’s Largest Cloud-Based In-Store Clienteling Software Providers
TSL Express Daily Articles & News
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Steven Janson and Mark Buren Join Cadence Business Finance
Cadence Business Finance, a subsidiary of Cadence Bank (NYSE: CADE), today announced the addition of Steven Janson and Mark Buren as managing directors, expanding the company’s footprint for asset-based lending solutions to middle-market companies.
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Ikhwan Rafeek is a Member in the Otterbourg P.C.’s Banking and Finance Department.
Ikhwan represents institutional lenders, banks, commercial finance companies, and factors in connection with the documentation of domestic and international secured lending arrangements, including asset-based, term loan, healthcare, real estate, middle market, leveraged, and first and second lien loan transactions. Mr. Rafeek also frequently represents secured lenders in workouts and restructurings, and in portfolio acquisitions and dispositions.
TSL Express Daily Headlines & News
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Equipment Finance Industry Confidence Improves Again in August
August 17, 2023The Equipment Leasing & Finance Foundation (the Foundation) releases the August 2023 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) today. The index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $1 trillion equipment finance sector.
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VION Investments Names Morten Kucey as Senior Managing Director
August 17, 2023VION Investments, a leader in providing liquidity solutions for consumer and commercial performing, non‑performing, and charged‑off accounts receivable, has named Morten Kucey as Senior Managing Director. Kucey will play a key role in expanding VION’s relationships and product offerings across the industry to originate and help structure new opportunities.
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Hidden River Strategic Capital Invests in The Little Gym Through the Acquisition Of Seven Existing Gyms
August 16, 2023Hidden River Strategic Capital (“Hidden River” or the “Fund”) is proud to announce a partnership with Taurus Capital Partners and the creation of Somersault Holdings, LLC (“Somersault” or the “Company”). Headquartered in Raleigh, NC, Somersault has acquired and aggregated seven franchises within The Little Gym franchise system under one management group.
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OneBlinc Secures $100M Credit Facility with Clear Haven to Fuel Growth of Underserved Credit Products
August 16, 2023OneBlinc, a leading fintech company specialized in providing payroll loans for Federal employees, announced today that it has secured a new $100 million credit facility with Clear Haven. This significant financial milestone aims to fuel future portfolio growth and refinance OneBlinc’s existing credit facility.
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Clearway Secures $821.5 Million in Corporate Sustainability-linked Credit Facilities
August 16, 2023Clearway Energy Group ("Clearway"), which owns one of the largest fleets of non-regulated renewable energy assets in the United States, announced today that it secured corporate credit facilities totaling $821.5 million.
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SSR Mining Announces $400 Million Senior Secured Revolving Credit Facility
August 16, 2023The Bank of Nova Scotia has acted as Administrative Agent, and along with Canadian Imperial Bank of Commerce as Co-Lead Arrangers and Joint Bookrunners, in connection with the amended Facility.
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Second Avenue Capital Partners Provides $12 Million Revolving Credit Facility to Female-founded, Women's Lifestyle Brand ThirdLove
August 16, 2023Second Avenue Capital Partners (SACP), a Schottenstein affiliate, has closed on a new $12 Million revolving credit facility to ThirdLove, a female-founded, women's lifestyle brand that offers elevated essentials including bras, underwear, activewear and more, all designed by women, for women. This strategic financing partnership between SACP and ThirdLove will empower the intimates brand to fuel its growth and further enhance its customer experience.
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MidCap Financial Closes $33mm Senior Revolving Credit Facility to a Skilled Nursing Facilities Operator
August 16, 2023MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $33mm senior credit facility to a skilled nursing facilities operator. Proceeds from the MidCap credit facility will be used to support working capital requirements.
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PlainsCapital Bank Welcomes John Gonzales to Edinburg Commercial Lending Team
August 16, 2023PlainsCapital Bank has announced that Judge John Gonzales Jr. has joined its Edinburg lending group as senior vice president, commercial loan officer at the Bank’s 100 W. Cano Street location.
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B. Riley Expands Forensic Accounting and Litigation Consulting Practice in Dallas
August 16, 2023B. Riley Financial (Nasdaq: RILY) is pleased to announce the addition of Larry Kanter, CPA/CFF, CFE as Senior Managing Director with B. Riley Advisory Services, a leading provider of business advisory, appraisal and specialty financial consulting services. Kanter is based in Dallas, Texas and joins the firm’s national Forensic Accounting and Litigation Support practice.
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CapitalPlus Financial Services Supplies $2 Million in Funding to a Prominent New York-Based Concrete Contractor
August 16, 2023CapitalPlus Financial Services, a respected provider of tailored working capital solutions, proudly announces the successful facilitation of $2 million in funding for a renowned concrete contractor based in New York.
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Trinity Capital Inc. Provides $20 Million Growth Capital to MacroFab
August 16, 2023Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $20 million in growth capital to MacroFab, the comprehensive manufacturing platform for building electronics from prototype to high-scale production.
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Klar Secures $100 Million Debt Facility from Victory Park Capital to Expand Credit Products in Mexico
August 16, 2023Klar, S.A. de C.V. (Klar), the Mexico City-based digital financial services platform, announced today that it has secured a $100 million credit facility from Victory Park Capital (“VPC”), a global alternative investment firm specializing in private credit. The financial support from VPC will propel Klar during a moment of transformative growth for the company, as it expands product offers that provide Mexicans with enhanced access to reliable, simple and transparent credit cards.
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Wingspire Capital Provides $50 Million to Tooling Tech
August 16, 2023Wingspire Capital committed a $35 million senior secured term loan and a $15 million revolver to Tooling Tech Group as the company leans into a new era of growth. The proceeds will be used to best position the Fenton, Michigan-based company to take advantage of industry tailwinds in support of its disciplined growth strategy, both organically and via compelling M&A opportunities both in the automotive sector and other end markets.
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220,000-Square-Foot Furniture Plant Goes to the Gavel on Aug. 24
August 16, 2023On August 24,Tiger Group and HyperAMS will auction more than 400 woodworking and other assets from the 220,000-square-foot furniture plant formerly operated by Solid Comfort, a tier-1supplier of wooden and laminated case goods for hospitality leaders such as Marriott, Hilton, Best Western and My Place.
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eCapital Recognized Among U.S Fastest-Growing Private Companies by Inc.
August 15, 2023eCapital Corp. ("eCapital" or "the Company"), an industry leader in financing solutions for businesses throughout North America and the U.K., announced today that it has achieved the 1383rd position on the esteemed 2023 Inc. 5000 list, highlighting an impressive growth rate of 422%.
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SG Credit Partners Announces a Senior Debt Investment in Modo Labs
August 15, 2023SG Credit Partners, through its SG Software + Technology division, is thrilled to announce its partnership with Modo Labs via an $8 million credit facility. Modo is the only low-code app building platform exclusively designed to deliver a digital campus and workplace experience.
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Amerisource Participated in a Common Equity Raise
August 15, 2023In June 2023, Amerisource participated in an equity co-investment in a common equity raise for Monarch Resource Partners LLC (“Monarch”). Monarch provides zero-emission natural gas contract compression services with its electric drive EcoFlex™ compressor fleet.
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Prime Trust, LLC Files Voluntary Chapter 11 Petitions
August 15, 2023Prime Trust, LLC and certain of its affiliates (collectively, the “Company”) filed voluntary petitions for relief under Chapter 11 (the “Chapter 11 Cases”) of the Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”).
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First Citizens Bank Provides Loan to Refinance Florida Senior Living Community
August 15, 2023First Citizens Bank today announced that its Healthcare Finance business, part of the CIT division, provided a loan to refinance American House St Petersburg, a senior living community located in St. Petersburg, Florida.
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The Secured Lender
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